| (in millions of USD, except per-share data) | Q2 FY 26 | Q1 FY 26 | Q4 FY 25 | Q3 FY 25 | Q2 FY 25 | Q1 FY 25 | Q4 FY 24 | Q3 FY 24 | Q2 FY 24 | Q1 FY 24 | Q4 FY 23 | Q3 FY 23 | Q2 FY 23 | Q1 FY 23 | Q4 FY 22 | Q3 FY 22 | Q2 FY 22 | Q1 FY 22 | Q4 FY 21 | Q3 FY 21 | Q2 FY 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues | |||||||||||||||||||||
| Revenues | 676.5 | 630.0 | 618.5 | 592.1 | 549.7 | 486.7 | 564.6 | 470.3 | 393.3 | 359.9 | 391.9 | 311.8 | 266.9 | 206.3 | - | 175.6 | |||||
| (in millions of USD, except per-share data) | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| Revenues | |||||||
| Revenues | 2,517.0 | 2,246.9 | 1,788.2 | 1,176.9 | 593.3 | 251.9 | 92.1 |
| Cost of Revenue | 2,002.9 | 1,824.3 | 1,542.5 | 987.2 | 493.7 | 241.5 | 111.0 |
| Gross Profit | 514.2 | 422.6 | 245.7 | 189.7 | 99.6 | 10.4 | (18.9) |
| Operating Expenses | |||||||
| Research & Development | 209.1 | 216.0 | 173.5 | 195.0 | 124.1 | 73.4 | 55.9 |
| Selling General & Administrative | 338.5 | 298.7 | 188.9 | 217.9 | 115.9 | ||
| Operating Income | |||||||
| Operating Income | (58.9) | (115.0) | (116.7) | (223.2) | (140.4) | (122.4) | (110.4) |
| Non-Operating | |||||||
| Interest Income | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - |
| Tax & Net | |||||||
| Income Tax Expense | 0.8 | (1.6) | 4.2 | (4.6) | 0.0 | 0.0 | (0.0) |
| Net Income From Continuing Ops | (41.5) | (91.0) | (84.7) | (207.9) | (139.1) | (122.3) | |
| Per Share | |||||||
| EPS Basic | (0.06) | (0.16) | (0.14) | (0.37) | (0.13) | - | - |
| EPS Diluted | (0.05) | (0.16) | (0.14) | (0.37) | (0.13) | - | - |
| Supplementary Data | |||||||
| EBITDA | (17.1) | (75.4) | (95.9) | (213.8) | (134.4) | (117.9) | (104.6) |
| EBIT | (58.9) | (115.0) | (116.7) | (223.2) | (140.4) | (122.4) | (110.4) |
| 96.3 |
| 77.1 |
| - |
| 131.5 |
| - |
| Cost of Revenue | 526.5 | 496.6 | 495.3 | 484.5 | 438.9 | 405.7 | 468.2 | 415.4 | 363.1 | 295.9 | 333.1 | 258.9 | 224.0 | 171.1 | - | 144.0 | 79.4 | 62.6 | - | 131.8 | - |
| Gross Profit | 150.0 | 133.4 | 123.2 | 107.6 | 110.8 | 81.0 | 96.4 | 55.0 | 30.2 | 64.1 | 58.8 | 52.9 | 42.8 | 35.2 | - | 31.5 | 16.9 | 14.5 | - | (0.3) | - |
| Operating Expenses | |||||||||||||||||||||
| Research & Development | 51.3 | 43.0 | 62.6 | 52.1 | 58.0 | 43.3 | 40.1 | 44.7 | 46.5 | 42.1 | 45.8 | 48.8 | 49.7 | 50.7 | - | 35.1 | 23.4 | 22.2 | - | 20.9 | - |
| Selling General & Administrative | 92.6 | 81.2 | 89.1 | 75.7 | 73.3 | 60.7 | 45.4 | 47.9 | 48.7 | 47.0 | 66.9 | 46.1 | 50.9 | 54.0 | - | 29.4 | |||||
| Selling & Marketing | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| General & Administrative | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Depreciation & Amortization | 7.4 | 8.7 | 18.6 | 7.1 | 7.0 | 6.9 | 10.4 | 4.8 | 2.5 | 3.2 | 4.3 | 1.5 | 1.6 | 2.1 | - | 1.3 | |||||
| Amortization of Intangibles | 3.9 | 3.8 | 3.7 | 5.9 | 4.2 | 0.7 | - | - | - | - | - | - | - | - | - | - | - | ||||
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Total Operating Expenses | 143.9 | 126.9 | 158.2 | 144.2 | 131.3 | 104.0 | 85.5 | 92.6 | 95.1 | 89.2 | 112.7 | 94.9 | 100.6 | 104.8 | - | 64.6 | |||||
| Operating Income | |||||||||||||||||||||
| Operating Income | 6.1 | 6.5 | (35.0) | (36.6) | (20.5) | (23.0) | 10.9 | (37.6) | (64.9) | (25.1) | (53.9) | (42.0) | (57.7) | (69.6) | - | (33.0) | (30.0) | (23.1) | (2.0) | (37.8) | (0.5) |
| Non-Operating | |||||||||||||||||||||
| Interest Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |||
| Income From Equity Investments | (6.9) | (5.8) | (5.9) | (3.8) | (2.5) | (1.6) | (0.2) | (0.5) | 0.0 | 0.0 | - | 0.0 | - | - | - | - | |||||
| Other Non-Operating Income | 10.9 | 13.2 | 8.1 | 8.5 | 11.7 | 7.8 | 9.4 | 11.6 | 9.8 | 6.2 | 3.7 | 2.9 | 2.3 | 1.8 | - | 0.2 | 0.1 | ||||
| Pre-Tax Income | 16.9 | 19.8 | (26.9) | (28.1) | (8.8) | (15.1) | 20.3 | (26.0) | (55.1) | (18.9) | (50.3) | (39.1) | (55.4) | (67.7) | - | (32.9) | |||||
| Tax & Net | |||||||||||||||||||||
| Income Tax Expense | 0.6 | 0.6 | (0.4) | 0.0 | (1.4) | 0.2 | 4.1 | 0.2 | (0.3) | 0.2 | (4.9) | 0.0 | (0.0) | 0.3 | - | 0.0 | 0.0 | 0.0 | - | 0.0 | - |
| Net Income From Continuing Ops | 9.4 | 13.4 | (32.4) | (31.9) | (9.9) | (16.9) | 16.0 | (26.7) | (54.8) | (19.1) | (45.4) | (39.1) | (55.4) | (68.0) | 38.1 | (32.9) | (29.9) | ||||
| Net Income From Discontinued Ops | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Net Income | 9.4 | 13.4 | (32.4) | (31.9) | (9.9) | (16.9) | 16.0 | (26.7) | (54.8) | (19.1) | (45.4) | (39.1) | (55.4) | (68.0) | 38.1 | (32.9) | (29.9) | ||||
| Net Income Attributable To Parent | 2.0 | 2.6 | (6.0) | (5.9) | (1.8) | (3.2) | 2.8 | (4.7) | (8.8) | (2.8) | (6.2) | (4.3) | (6.1) | (7.2) | 38.1 | (1.3) | |||||
| Less: Minority Interest | 7.5 | 10.8 | (26.4) | (26.0) | (8.0) | (13.7) | 13.1 | (22.0) | (46.0) | (16.2) | (39.2) | (34.7) | (49.3) | (60.8) | - | (12.4) | - | ||||
| Less: Preferred Dividends | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||||
| Net Income To Common Shareholders | 2.0 | 2.6 | (6.0) | (5.9) | (1.8) | (3.2) | 2.8 | (4.7) | (8.8) | (2.8) | (6.2) | (4.3) | (6.1) | (7.2) | 38.1 | ||||||
| Per Share | |||||||||||||||||||||
| EPS Basic | 0.02 | 0.02 | - | (0.05) | (0.02) | (0.03) | - | (0.05) | (0.09) | (0.03) | - | (0.07) | (0.10) | (0.12) | - | (0.03) | - | - | - | 0.00 | - |
| EPS Diluted | 0.01 | 0.02 | - | (0.05) | (0.02) | (0.03) | - | (0.05) | (0.09) | (0.03) | - | (0.07) | (0.10) | (0.12) | - | (0.03) | - | - | |||
| Shares Basic | 125.5 | 115.5 | - | 109.2 | 107.7 | 106.1 | - | 102.4 | 93.0 | 83.3 | - | 61.8 | 60.5 | 58.2 | - | 50.7 | - | - | |||
| Shares Diluted | 134.4 | 127.9 | - | 109.2 | 107.7 | 106.1 | - | 102.4 | 93.0 | 83.3 | - | 61.8 | 60.5 | 58.2 | - | 50.7 | - | - | |||
| Supplementary Data | |||||||||||||||||||||
| EBITDA | 13.5 | 15.2 | (16.4) | (29.5) | (13.5) | (16.1) | 21.2 | (32.8) | (62.4) | (21.9) | (49.6) | (40.5) | (56.1) | (67.5) | - | (31.7) | (28.7) | (21.7) | - | (36.5) | - |
| EBIT | 6.1 | 6.5 | (35.0) | (36.6) | (20.5) | (23.0) | 10.9 | (37.6) | (64.9) | (25.1) | (53.9) | (42.0) | (57.7) | (69.6) | - | (33.0) | (30.0) | (23.1) | (2.0) | ||
| 59.4 |
| 35.6 |
| Selling & Marketing | - | - | - | - | - | - | - |
| General & Administrative | - | - | - | - | - | - | - |
| Depreciation & Amortization | 41.8 | 39.6 | 20.8 | 9.5 | 6.0 | 4.5 | 5.7 |
| Amortization of Intangibles | 17.3 | 14.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 |
| Other Operating Expenses | - | - | - | - | - | - | - |
| Total Operating Expenses | 573.1 | 537.6 | 362.4 | 413.0 | 240.0 | 132.8 | 91.4 |
| Income From Equity Investments | (22.4) | (13.7) | (0.8) | 0.0 | 0.0 | - | - |
| Other Non-Operating Income | 40.6 | 36.1 | 37.0 | 10.7 | 1.3 | 0.1 | 0.8 |
| Pre-Tax Income | (18.3) | (78.9) | (79.7) | (212.5) | (139.1) | (122.3) | (109.6) |
| (109.5) |
| Net Income From Discontinued Ops | - | - | - | - | - | - | - |
| Net Income | (41.5) | (91.0) | (84.7) | (207.9) | (139.1) | (122.3) | (109.5) |
| Net Income Attributable To Parent | (7.4) | (16.9) | (13.5) | (23.9) | (6.9) | (122.3) | (109.5) |
| Less: Minority Interest | (34.1) | (74.1) | (71.2) | (184.0) | (60.1) | - | - |
| Less: Preferred Dividends | - | - | - | - | - | - | - |
| Net Income To Common Shareholders | (7.4) | (16.9) | (13.5) | (23.9) | (6.9) | (122.3) | (109.5) |
| Shares Basic | 125.5 | 108.7 | 95.7 | 64.3 | 54.1 | - | - |
| Shares Diluted | 134.4 | 108.7 | 95.7 | 64.3 | 54.1 | - | - |
| 23.5 |
| 15.4 |
| - |
| 16.5 |
| - |
| - |
| - |
| - |
| - |
| - |
| 1.9 |
| - |
| 0.5 |
| 1.3 |
| 1.4 |
| - |
| 1.3 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 46.9 |
| 37.5 |
| - |
| 37.4 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 0.0 |
| 0.0 |
| 0.0 |
| 0.0 |
| (29.9) |
| (23.1) |
| - |
| (37.8) |
| - |
| (23.1) |
| (1.9) |
| (37.8) |
| (0.5) |
| - |
| - |
| - |
| - |
| (23.1) |
| (1.9) |
| (37.8) |
| (0.5) |
| (29.9) |
| (23.1) |
| (1.9) |
| (37.8) |
| (0.5) |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| (1.3) |
| (29.9) |
| (23.1) |
| (1.9) |
| (37.8) |
| (0.5) |
| - |
| 0.00 |
| - |
| - |
| 0.0 |
| - |
| - |
| 0.0 |
| - |
| (37.8) |
| (0.5) |